Mirae Asset Takes Majority Stake in Korbit, Rebrands as Digital X

Mirae Asset Consulting has taken majority control of Korbit, South Korea's oldest cryptocurrency exchange.

The deal was worth approximately 141.4 billion won, or around $102 million, and gave Mirae Asset a 97.15% stake in the company.

Korbit is rebranding as Digital X, with the goal of linking stablecoins, real-world assets, and stocks under Mirae Asset's '3.0' strategy.

Mirae Asset founder Park Hyeon-joo described Digital X as an 'uncharted future' where different forms of value intersect and converge.